Price for Horses; Live, Pure-Bred Breeding Animals in Costa Rica - 2022

Contents:

1. Price for Horses; Live, Pure-Bred Breeding Animals in Costa Rica (FOB) - 2022
2. Price for Horses; Live, Pure-Bred Breeding Animals in Costa Rica (CIF) - 2022
3. Exports of Horses; Live, Pure-Bred Breeding Animals in Costa Rica
4. Imports of Horses; Live, Pure-Bred Breeding Animals in Costa Rica

Price for Horses; Live, Pure-Bred Breeding Animals in Costa Rica (FOB) - 2022

In 2022, the average export price for horses; live, pure-bred breeding animalses amounted to $2,589 per unit, approximately reflecting the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,800 per unit), while the average price for exports to Mexico ($2,189 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+51.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Horses; Live, Pure-Bred Breeding Animals in Costa Rica (CIF) - 2022

In 2022, the average import price for horses; live, pure-bred breeding animalses amounted to $4,397 per unit, with a decrease of -41.3% against the previous year. Overall, the import price, however, showed a slight expansion. The growth pace was the most rapid in 2020 when the average import price increased by 59% against the previous year. Over the period under review, average import prices attained the maximum at $7,752 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($11,295 per unit), while the price for Nicaragua ($2,244 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Horses; Live, Pure-Bred Breeding Animals in Costa Rica

For the fourth consecutive year, Costa Rica recorded growth in shipments abroad of horses; live, pure-bred breeding animalses, which increased by 4% to 287 units in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 323% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, horses; live, pure-bred breeding animals exports expanded markedly to $743K in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 414%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Horses; Live, Pure-Bred Breeding Animals from Costa Rica in 2022:

1. Honduras (258.0 units)
2. Panama (10.0 units)
3. Mexico (7.0 units)
4. United States (5.0 units)
5. Nicaragua (5.0 units)

Imports of Horses; Live, Pure-Bred Breeding Animals in Costa Rica

In 2022, the amount of horses; live, pure-bred breeding animalses imported into Costa Rica fell significantly to 47 units, waning by -32.9% on the previous year's figure. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 126% against the previous year. As a result, imports reached the peak of 70 units, and then contracted rapidly in the following year.

In value terms, horses; live, pure-bred breeding animals imports shrank markedly to $207K in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 137% against the previous year. As a result, imports reached the peak of $525K, and then dropped dramatically in the following year.

Top Suppliers of Horses; Live, Pure-Bred Breeding Animals to Costa Rica in 2022:

1. Nicaragua (25.0 units)
2. United States (12.0 units)
3. Spain (7.0 units)
4. Guatemala (3.0 units)

Source: IndexBox Market Intelligence Platform